IN.gov - Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Amber Alert
Amber Alert - TEST

Public Deposit Insurance Fund

Board of Depositories > Financial Reports Financial Reports

Subscribe for e-mail updates

Summary Report

The Public Deposit Insurance Fund (PDIF) was created in 1937 to insure the deposits of all public monies in Indiana banks, much the same way as the FDIC insures individual depositor's accounts.

PDIF funds are managed and invested by Treasurer of State Kelly Mitchell as the secretary and investment manager of the Indiana Board of Depositories. Treasurer Mitchell staffs, administers, manages and directs the affairs and activities of the Board in accordance with the policies set out by the board.

The PDIF is funded by assessments payable by every depository that has public funds. The Board may waive this assessment if in its discretion it determines that assets of the fund are equal to the reserve for losses. At the present time, the assessment has been waived as a result of the Board's finding that an appropriate loss reserve level has been achieved.

Average Daily Balance
Audit Report 2005
Audit Report 2006
Audit Report 2007
Audit Report 2008
Audit Report 2009
Audit Report 2010
Audit Report 2011
Audit Report 2012
Audit Report 2013

Semi-Annual Report to the State Budget Committee

December 2010
June 2011
December 2011
June 2012
Decemer 2012
June 2013